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Weekend Movies

April 2, 2010 Leave a comment

The only movie I am playing this weekend is “Last Song.” The film made $5.13m on Wednesday (opener) and $4.26m on Thursday. My past research of Wednesday opener non-summer blockbuster films revealed that it’s exceedingly rare for a Wednesday release film not to make at least 2x the Wed/Thurs gross. For “Last Song” that number is $9.39m, thus a weekend Fri/Sat/Sun floor of $18.78m. In keeping with my aforementioned philosophy on trading the “next contract down” from a projection, I elected to trade the $16m contract, buying 8 shares at 50.0.

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